3 Fintech Stocks to Buy and Hold for Great Long-Term Potential

Fintech is a high-growth industry that's evolving rapidly. Businesses and consumers are embracing innovative solutions to numerous problems and inefficiencies, and the companies that provide the best solutions are primed to deliver impressive returns to shareholders. These three fintech stocks are standout leaders with competitive advantages and strong growth prospects.

Block (NYSE: SQ) is a fintech powerhouse, but it can be a confusing story for those unfamiliar with the business. It is the parent company of Square, CashApp, and Afterpay. Square sells hardware and software for mobile payments and transaction data analytics. It leads the U.S. point-of-sale industry with nearly 30% of the market.

CashApp is a financial services platform for consumers, offering payment, transfer, and investments. It had 57 million monthly active users (MAU) in its most recent quarter, with more than $70 billion of flows during the period. Block acquired Afterpay, a buy-now-pay-later service, last year. Afterpay handled nearly $7 billion of transactions in the first quarter.

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Source Fool.com